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Clarus Corp — Director's Dealing 2014
Aug 13, 2014
33978_dirs_2014-08-13_da973cb6-8c5a-4f55-a967-33ea51a4b3b3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Black Diamond, Inc. (BDE)
CIK: 0000913277
Period of Report: 2014-08-11
Reporting Person: Freeman Zeena (Director, PRESIDENT)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-08-11 | Common Stock, par value $0.0001 per share ("Common Stock") | A | 300000 | — | Acquired | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-08-11 | Stock Option (right to purchase) | $8.87 | A | 300000 | Acquired | 2024-08-10 | Common Stock (300000) | Direct |
Footnotes
F1: Comprised of a restricted stock award granted under the Issuer's 2005 Stock Incentive Plan (the "Plan") consisting of 300,000 restricted shares of Common Stock (the "Restricted Shares") of which: (i) 50,000 shares shall fully vest and become nonforfeitable on August 25, 2014; (ii) 205,000 Restricted Shares shall vest and become nonforfeitable as follows: (A) 45,000 Restricted Shares shall vest if, on or before June 30, 2017, the Fair Market Value (as defined in the Plan) of the Company's Common Stock shall have equaled or exceeded $15.00 per share for five consecutive trading days;
F2: (B) 80,000 Restricted Shares shall vest if, on or before December 31, 2019, the Fair Market Value of the Company's Common Stock shall have equaled or exceeded $20.00 per share for five consecutive trading days; (C) 80,000 Restricted Shares shall vest if, on or before December 31, 2019, the Fair Market Value of the Company's Common Stock shall have equaled or exceeded $22.00 per share for five consecutive trading days; and (iii) 15,000 Restricted Shares shall vest and become nonforfeitable on each of December 31, 2015, December 31, 2016 and December 31, 2017.
F3: The option to purchase shares of Common Stock was granted under the Plan. Options to purchase 75,000 shares of Common Stock will vest and become exercisable on each of December 31, 2015, December 31, 2016, December 31, 2017, and December 31, 2018.